Nakumatt Plan to Introduce Mastercard Prepaid Cards For use in East Africa

Written by

Nakumatt plan to introduce the multi-currency  MasterCard prepaid cards in Kenya . The existing Nakumatt Cybercash loyalty card will be replaced with the Nakumatt Global MasterCard Prepaid card, allowing customers to load money onto the card for purchases at POS terminals, cash withdrawals and online purchases at Nakumatt stores across East Africa, and at any retailer that accepts MasterCard payment cards worldwide.

As part of the Nakumatt deal, MasterCard has collaborated with both of Nakumatt’s banking partners, Diamond Trust Bank (DTB) and Kenya Commercial Bank (KCB) .The Nakumatt Global MasterCard Prepaid card features PayPass technology.  PayPass is supported by multi-level security protections, including the advanced encryption of PayPass radio frequency transaction transmissions, and the state-of-the art security protections of the MasterCard payment system.

 

Article Tags:
· · ·
Article Categories:
TECHNOLOGY

Comments

  • I hope it will not be another NationHela that will claim to transfer PayPal monies

    Kimani Streetmonk'd Nyoike October 12, 2012 11:58
  • withdrawals and online purchases at Nakumatt stores across East Africa, and at any
    retailer that accepts MasterCard payment cards worldwid.

    mastercard prepaid cards June 24, 2013 08:16
Shares